my cleaners do charge extra if there is a pet, as they said extra is involved.

One of the greatest advantages of the U.S. real estate market is the relative ease of finding off-market properties, either through local or nationwide wholesaling companies, or by setting up a fairly simple marketing system to generate off-market leads.As a marketer and investor from Israel, I’ve been involved in these markets since 2019, so I have a pretty good sense of what you're referring to.

However, if the renovation is deemed an improvement (since it involved a full renovation), it likely needs to be capitalized.

However, you really only need to have the septic inspected if you are purchasing a mobile that will stay on the property.A septic inspection typically includes a sewer scope, which involves a small camera being fed through the plumbing.

I also am looking forward to getting more involved in this community. 🤝 Fill in the blank: If I could make a great connection with someone who is an expert in taxes and large Storage at BPCON2024 then I would leave BPCON happy🗓️ What session are you most looking forward to?

It's best to involve a real estate attorney to ensure the contract is legally sound.

Hey @Austin Wolff - You bring up some good points about knowing the house better than anyone when you build new if you are actively involved and onsite regularly, but I'd get behind @Jay Hinrichs, in the sense that the numbers don't always allow you to build new.Here in Chicago, new developments are super pricey, and even the BEST DEVELOPERS HAVE SLIM MARGINS. 

Secondly I just finished "Real Estate by the Numbers" also by Dave Meyer - even though I have a business degree and am actively involved in investing it was a really great refresher on not just the numbers and theories involved in real estate decisions but also the pros and cons of different return metrics and how all the metrics relate to one another. 

My local RE group is looking at having a webinar with people involved in those businesses to share their experience and that it's not as easy the social media gurus say it is If you haven't already joined a local meet up group, I'd recommend that to help you narrow down your strategy and market. 

Quote from @Gene Hacker: I share your concerns about investing in California because of their policies that benefit deadbeat tenants.